Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
The coworking sector anticipates Union Budget 2025 reforms to fuel expansion, including lower GST rates, input tax credit adjustments, and reduced stamp duties. Key demands include institutional finance access, infrastructure development, and startup tax incentives. These measures could accelerate growth, enhance affordability, and reshape India’s modern workspaces.
READ MOREHyderabad’s Grade A office vacancy rates are projected to reach 24% by 2026 due to record supply growth outpacing demand. Key areas like Gachibowli face rising vacancies, while Hitech City remains stable. Sustainability and tech-forward spaces are crucial for attracting tenants in this rapidly evolving commercial real estate market.
READ MOREAwfis, valued at ₹5,000 crores, has revolutionised the coworking space sector with fully managed office solutions. Despite challenges during COVID-19, it remains a key player in India’s flexible workspace market. As demand for coworking spaces grows, Awfis’s potential for expansion could see its valuation double to ₹10,000 crores.
READ MOREWorkie, an office space management startup, has raised INR 13 Cr ($1.5 Mn) to accelerate its expansion and enhance market leadership. Specialising in flexible office solutions, it manages 15,000 seats across 50 locations in India. With the post-pandemic rise in demand for coworking spaces, Workie aims for significant growth.
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